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King St. Deal!!

Welcome To This Stately And Spacious Cape Cod Style Home Overflowing With Upgrades And Charm. Step Into The Welcoming High Vaulted Ceiling Family Room With French Doors Overlooking The Deck And Backyard. Enjoy The Gourmet Kitchen Or Sit By The Gas Fireplace In The Living Room. Freshly Painted With Gleaming Hardwood Floors Throughout. Circular Driveway Plus Driveway To 2-Car Detached Garage, Parking For 12 Total! The List Of Perks Is Truly Endless. Priced at $1, 329,900.

Contact us for full details!

Toronto's Vacant Home Tax Has Arrived And Here's What You Need To Know

That unkempt, overgrown property on your street could soon finally get some tenants thanks to a new City of Toronto tax clamping down on vacant homes.

After much discussion on taxing owners of unoccupied units, the City finally passed its vacant home tax in mid-2021, and put it into effect at the start of 2022.

Universal Music Canada hits the right note in Liberty Village’s expanding arts hub

From its early days as a booming Victorian-era industrial hub that manufactured everything from woven carpets to washing machines, Liberty Village in Toronto’s west end continues to evolve as an epicentre for arts, culture and creativity.

“It’s amazing how these downtown neighbourhoods come full circle,” says Mitchell Gillin, vice-president of asset management at Hullmark. “The historic attributes make them durable and attractable.”

Canadian home sales edge up in December

Home sales in Canada edged up slightly between November and December, a trend not often seen at the tail end of a calendar year.

Read more here:  https://realestatemagazine.ca/canadian-home-sales-edge-up-in-december/

 

 

 

Here's what you need to know...

As of January 1, 2023, redential properties in Toronto that are unoccupied for more than six months (cumulative) in a calendar year, maybe subject to the new City of Toronto's Vacant Home Tax.

Read more below.

 

Deal of the Week!

Fantastic opportunity 2 Bed, 2 Bath - Manitoba St. $599,800! Brand Bew Never Lived In Luxury "Empire Phoenix" Approx.745 Sf Penthouse Suite With Unobstructed South Facing City & Lake views.

Read more here:  https://www.thecondohouse.ca/ON/toronto/m8y0b3/10985254-MLS-W5864827-na-2906---251-Manitoba-St

Condo House Teams Up With Mortgage Alliance

Condo| House is proud to annouce that we have teamed up with Mortgage Alliance to help our clients better understand and get answers to questions they may have regarding applying for their first mortgage, what will happen on my renewal, thinking of making a move or looking to refinance for renovations.  Contact us if you want answers to these questions! info@thecondohouse.ca.

 

Long-term prospects for Canadian home prices are positive

The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s.

Back then, home prices kept declining for several years. In the case of Toronto, prices fell for seven long years following the 1989 peak and eventually lost roughly 30% of their value. What is different this year is that price declines are happening in a unique economic and demographic environment. Four main elements of that changed environment are discussed below.

Exceptional Value In Prime Bendale Community

Opportunity To Live In A Fantastic Family-Oriented Neighbourhood & In A House Which Has Been Meticulously Maintained & Sits On A Large 43X119 Lot. You're Sure To Love All The Natural Light This Home Brings In, Not Only From Windows But From The Skylight As Well.

Minutes To Scarborough Town Centre, Steps To Ttc, Close To Schools, Shopping Plazas, Thompson Park, 401 And All Other Amenities.

Learn more:

https://www.thecondohouse.ca/ON/toronto/m1k4y7/10945305-MLS-E5849094-na-17-Bonnechere-Cres

One quarter of TD mortgages now have an amortization of 35+ years

Over a quarter of TD Bank’s residential mortgage portfolio now has an effective amortization of 35 years or longer.

It’s the result of rising interest rates taking a bigger chunk out of many borrowers’ monthly mortgage payments, causing them to pay down their mortgage more slowly.

TD Bank disclosed the details in its fourth-quarter earnings report. A year ago, none of its portfolio had an amortization above 30 years.

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